ELISABETTA VILLA/GETTY IMAGESAnne Hathaway and her Italian ex-boyfriend Raffaello Follieri at Milan Fashion Week in February of 2006 .

She may have stood by her man when he was accused of bouncing a $215,000 check, but it looks like Anne Hathaway distanced herself from longtime beau Raffaello Follieri just in time. Now the Italian businessman is facing charges of wire fraud conspiracy and money laundering, according to the Associated Press.

Prosecutors in Manhattan say Follieri told an investor he was the Vatican's chief financial officer (yeah ... and Hathaway is the Flying Nun), and that he could buy properties from the Catholic Church at deep discounts. Follieri is also under investigation by the New York State attorney general for allegedly failing to file IRS tax disclosure forms for his family's Follieri Foundation. (The check bouncing charge from earlier this year got dropped after Follieri paid up.)

Reports surfaced last week that Hathaway, a Millburn native, split from Follieri after four years because his shady business dealings were hurting her reputation.